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Toncoin (TON) has recently seen a significant surge of 104% in the past few days, as its price moved rapidly amid market shorts liquidation and whale moves. This impressive upswing is likely due to the token’s ability to decouple from Bitcoin’s movements.
As we can see from the charts, Toncoin’s current resistance level lies at $3.70. It will be crucial for the coin to hold above this point in order to prevent any potential sell-offs and maintain its momentum. On the other hand, should there be a price breakdown below $2.30, the token could potentially form support and consolidate before making another attempt at higher levels.
It is essential for investors to keep an eye on these key TON price levels as they could have significant implications for both short-term and long-term holders.
Source: https://u.today/toncoin-decouples-from-bitcoin-key-ton-price-levels-to-watch
